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Wow so you guys are set for the week then?

He's been a known liar for almost my entire life, since the 80s. Taking his word as truth is just ... mind boggling.

Hey there. I've got an economics degree and work in business. I've been literally telling people how we're in a massive bubble, propped up by fraud and snake oil for years now. The economists you're thinking about on TV have been enshitified just like everything else in the US. It got so bad someone created a Jim Cramer ETF that collected all his stock advice but did the OPPOSITE of what he said. That ETF had a 12% return in 2024.

So the advice you are hearing from "economists" is advice they were paid for. Real economists have seen the writing on the wall for years. We're spectacularly fucked. Like there's almost complete red flags across the board, and the stock market is likely captured and fraudulent and has been since 2008.

Nvidia's price is just propped up by all the AI investment, and it's worth is propping up others like Microsoft. The whole thing is an obvious ponzi scheme as total value in the market exceeds our GDP by 218% now. This literally means the stock market is at least 118% inflated bullshit.

Inflated because the SEC has taken 17 years to roll out the CAT system to prevent fraud that was created as a response to the 2008 crisis. 17 years, and the "fix" TV hosts cheered was so great in 2008 to prevent another crisis is just now as of 2025 kinda being used. I say kinda because it's not fully integrated, doesn't need to be used, and is currently reporting billions of fraudulent failures and trades nearly every day.

The system has been captured and tortured for years and anyone that knew what they were looking at and were vocal about it were laughed at by experts paid to disagree. I've been saying all the above for years, and people thought I was insane. Now you think all economists are insane because they've been paid to sane wash the bullshit I've been talking about for years.

The problem isn't economists, it's that you believe the people on TV are the experts instead of industry plants. Actual experts, they get ignored. All the time. Because they can't compete with the amount of idiots on TV saying the opposite.

So no offense, but stop listening to the people on TV who call themselves expert economists, expert investors, etc and just listen to someone who's actually experienced in that field. My opinion has been discarded for years as I've made hand over fist betting against our economy. Advice I've freely shared yet always been ignored because it goes against what the TV says.

Anyway, here's the next 3 years:

Massive recession turns into a depression. Starting now, but this Monday is going to be a pretty rough day for the stock Market. Maybe not another Black Monday that started the original crash in 29, but we're getting close.

Likely by this November, if not tomorrow, a stock market crash will happen. It's completely propped up, so just a matter of time until the money runs out. Seeing the dip in stocks and crypto at the same time last week screams massive liquidity crisis (big companies needing more liquidity to prop up the current ponzi scheme of AI.) And there's not many places left where liquidity can be found.

Anyway, the value of the dollar has already decreased by 10% this year. Which is an astronomically fucked thing for no one to be talking about.

So just FYI, whatever savings you do have, consider converting some of it into property / vehicles / assets with value as they will each retain their worth as the value of the dollar looses it. Advice you'll never hear on TV, but is actually viable if you want your money to have any of the same value it has now as idiots ruin everything.

There is some rational market behavior. Look to the skyrocketing price of assets like gold. A significant part of the market recognizes that something is very wrong. Gold isn't supposed to skyrocket while the stock market is generally improving. This reflects a significant fall in investor confidence.

economics doesnt run the stock/futes markets, gamblers do

and i guarantee you anyone whose worked in finance long at a serious level knows this very well. nobody big will scream the alarm until they're positioned for the crash.

the banks won't do shit though, because they fully expect uncle sam to bail them out on the taxpayers dime again like they have many times before (and they probably will)

its basically clout for the rich and wealthy, to hide behind.

I would suggest that all major crashes happen in part because no one wants to be the first to pull out of the corruption and lose money while everyone else keeps gaining. So it's a constant race until something actually breaks, and then it's a mad scramble to get out of the house on fire.

Basically, if everyone was (or was forced to) be honest, they would see the signs early and act to avoid crashing it all. But they aren't, so they don't.

That's a simplistic take on it, but the short is that the experts in the financial world see what's happening, know it can't end well, but they choose to try and profit while they can, hoping they'll get theirs first.

Hell, it's just like anyone who deals with Trump. Knowing full well how many people get burned from being associated, but they always think that it will be different for them and they'll be fine.

I was in Costco the other day, and there were a shocking number of people loudly complaining about prices. Usually people in the store will keep it to themselves, or maybe grumble a bit and move on. But they were truly getting worked up.

GOP is really playing it stupidly. The number one way to get violently overthrown is to make it hard for people to put food on their plates.

On everything but an hour's work, yeah.

That's assuming someone else comes to power and actually tries to fix it. Both assumptions are pretty big at this point.

By the time Trump is dead, you will be well past fixing things and into start over territory

Trump says and reality are as closely related as Elon Musk and poverty.

We are so deeply fucked that the Fed cut rates despite rising inflation!

it's not, broke people spend less

And you can afford that tent thanks to paying for it in 12 high interest payments!

/s

Doubling tariffs today will make it look like deflation occurs harder when they drop the tariffs later.

A few people will show the data correcting for tariffs, but will be drowned out by the "we did it, prices have come down for Americans" message.

I nominate Trump.